Streetbeat News

Analyst Ratings

PUBM

Macquarie analyst Tim Nollen has downgraded PubMatic (NASDAQ:PUBM) from Outperform to Neutral and lowered the price target from $23 to $16.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 12:35 pm

LLY

NVO

Eli Lilly & Co. (LLY) stock surged nearly 15% to a new record high following better-than-expected Q2 earnings and revenue, and raised full-year guidance. The stock also benefited from positive data reported by Novo Nordisk (NVO) for its weight loss drug Wegovy. CNBC's Jim Cramer suggested that LLY could rise further. A Jefferies analyst upgraded LLY to Buy with a $615 price target.

Portfolio Pulse from Shanthi Rexaline

August 09, 2023 | 12:34 pm

NXE

NexGen Energy reported Q2 losses of $(0.03) per share, missing the analyst consensus estimate of $(0.01) by 200 percent. This represents a 50 percent increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:34 pm

STGW

Stephens & Co. analyst Nicholas Zangler has downgraded Stagwell (NASDAQ:STGW) from Overweight to Equal-Weight and lowered the price target from $11 to $8.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 12:34 pm

ABG

Morgan Stanley analyst Adam Jonas has maintained an 'Underweight' rating on Asbury Automotive Gr (NYSE:ABG) and raised the price target from $128 to $165.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:33 pm

BLDP

Ballard Power Systems reported Q2 losses of $(0.10) per share, beating the analyst consensus estimate of $(0.13) by 23.08%. However, the company's quarterly sales of $15.30 million missed the analyst consensus estimate of $15.88 million by 3.65%. This represents a 26.79% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:33 pm

WHF

Ladenburg Thalmann has downgraded WhiteHorse Finance (NASDAQ:WHF) from Buy to Neutral and announced a $13 price target.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 12:33 pm

SCPL

Wedbush analyst Michael Pachter has downgraded SciPlay (NASDAQ:SCPL) from Outperform to Neutral and announced a $23 price target.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 12:32 pm

AGRX

Agile Therapeutics (NASDAQ:AGRX) reported Q2 losses of $(3.10) per share, beating the analyst consensus estimate of $(3.48) by 10.92%. This is a 97.71% increase over losses from the same period last year. The company also reported quarterly sales of $5.50 million, beating the analyst consensus estimate of $4.68 million by 17.59%, a 158.84% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:32 pm

BTCUSD

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) reported Q2 financial results, missing estimates on both revenue and EPS. The company saw a 314% increase in Bitcoin production, which offset a 14% decrease in average Bitcoin prices. Marathon sold 63% of the Bitcoin it produced in the quarter to fund operating costs. The company ended the quarter with $113.7 million in unrestricted cash and equivalents. HC Wainwright & Co. analyst Kevin Dede reiterated Marathon Digital with a Buy rating and a $20 price target.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 12:31 pm